[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion]Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao
According to the National Pipeline Network Group, China's first natural gas pipeline network around the island, the Hainan Pipeline Network, has transported over 35 billion cubic meters of gas, equivalent to approximately 46.6 million tons of coal that can be replaced. This is equivalent to reducing dust emissions by over 25.4 million tons and carbon dioxide emissions by over 51.2 million tons, providing solid support for the construction of Hainan Free Trade Port and Clean Energy Island. Editor/Cheng Liting
Recently, 5000 tons of green ammonia produced by China Energy Construction's "Green Hydrogen No.1" Songyuan Hydrogen Energy Industrial Park project have officially arrived at Nanjing Port. The batch of green ammonia will be transported by the world's first "Shenghang Yongle" ship with professional liquid ammonia fuel refueling function to the anchorage in Zhoushan, Zhejiang, as zero carbon fuel to carry out the world's first ship to ship ocean going vessel refueling operation. This move will achieve the first connection of the entire chain of production, storage, transportation, and refueling of marine green ammonia fuel. Editor/Cheng Liting